Doximity (DOCS) Scheduled to Post Quarterly Earnings on Thursday

Doximity (NASDAQ:DOCS) will announce its earnings results after the market closes on Thursday, May 16th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Doximity (NASDAQ:DOCS) last issued its earnings results on Thursday, February 8th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.19 by $0.06. Doximity had a net margin of 29.39% and a return on equity of 16.08%. The company had revenue of $135.28 million for the quarter, compared to the consensus estimate of $127.46 million. On average, analysts expect Doximity to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Doximity Stock Performance

Shares of NASDAQ:DOCS opened at $23.89 on Thursday. Doximity has a 52 week low of $19.71 and a 52 week high of $36.29. The company’s fifty day moving average is $26.30 and its 200-day moving average is $26.35. The company has a market capitalization of $4.46 billion, a PE ratio of 36.92, a P/E/G ratio of 3.03 and a beta of 1.18.

Wall Street Analyst Weigh In

DOCS has been the topic of a number of research reports. SVB Leerink began coverage on shares of Doximity in a research report on Monday, February 26th. They set a “market perform” rating and a $32.00 target price on the stock. Evercore ISI reissued an “in-line” rating and set a $30.00 target price on shares of Doximity in a research note on Tuesday, April 2nd. Wells Fargo & Company increased their target price on Doximity from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Bank of America increased their target price on Doximity from $29.00 to $32.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $25.00 price target on shares of Doximity in a research note on Tuesday, April 23rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.82.

Insider Buying and Selling

In other Doximity news, Director Kira Scherer Wampler sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $26.97, for a total value of $67,425.00. Following the transaction, the director now directly owns 10,258 shares of the company’s stock, valued at $276,658.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. 39.40% of the stock is owned by insiders.

About Doximity

Doximity, Inc operates a cloud-based digital platform for medical professionals in the United States. The company's platform provides its members with tools built for medical professionals, enabling them to collaborate with their colleagues, coordinate patient care, conduct virtual patient visits, stay up to date with the latest medical news and research, and manage their careers.